this is bloomberg. ♪ i'm anna edwards in london with scarlet fu in new york.lacqua have the day off today. it's get a bloomberg first word news update. the u.k. deploy to worship to the strait of hormuz to help escort commercial ships. this comes after recent threats to oil tankers in the region. officials are meeting with their counterparts to help ensure the freedom of navigation. president donald trump has attacked prominent african-american lawmaker elijah cummings after the oversight committee chair criticized policies on the mexico border. the president described his district as a disgusting rat and rodent infested mess. trump and acting chief of staff rejecting accusations that his comments are racists. meetse negotiators will for talks in shanghai after a truce reached last month by president donald trump and xi jinping at the g20 summit. u.s. is still looking at easing restrictions on huawei. condemned has violence in the city of hong kong. the office spoke this morning as ,art of a rare news conference one of the first since the end of british rule.

francine: joining us is anna edwards outside number 10. at do we know about the team boris johnson is building? anna: good morning to you. boris johnson will need a team around him. of course, he is the man who has led the brexit campaign that has always worked best with a strong team around him. the focus is who will be in the cabinet. names being thrown around this morning. talent is one being -- patel is one to watch. scandal ind over a israel, but boris johnson always spoken favorably of her. some in the media are suggesting she will go to the home office, but we have no news. in terms of chancellor, we have not moved on the conversation. stress has been loyal to boris johnson and has been at the treasury up until now. so look for today to be a day helping boris johnson to be that dude. dude being the mantra of the campaign. he will need help delivering brexit died october 31. -- by october 31. francine: to be expected to say how he will negotiate or deal with the brexit? exactly,id not hear but we do expect a speech today and we will b

let's go live to westminster, where anna edwards is with the guest.u again. >> good morning. very pleased to say that i am joined by the treasury and business spokesperson for the liberal democrats, great to see you. did i speak to you last year? >> i can't remember. well, good to see you. what is the liberal democrat strategy? what is the strategy going to be for the new prime minister being held to account? >> we are very clear, unlike the other main opposition party in the u.k., which is the labour ofty, which has a position wanting to stay in the european union, or leave it depending on what type of the country you are in, the liberal democrats are clear that we want to have another referendum, a people's vote, on whatever brexit deal there is, and we want to stay in the european union and stop brexit. no form of brexit is acceptable to us, only staying in the european union, and that is a very clear position. but we have a bigger problem in the u.k., which, is that this -- it is illustrative of how our politics is broken and the two main parties

westminsterive from is anna edwards. e does this leave brexit and how will negotiate -- how will boris johnson negotiate it? anna: it is a very good question. essentially, this is boris doubling down on his brexit can -- exit commitment. recommitting to the 31st of october is the brexit deadline. we saw him shaping a cabinet that is going to help him deliver exit. brexit.er he put in place a number of exit tears. he rewarded those who have been very loyal to him. let's not underestimate the scale of the reshuffle we saw yesterday. the night of the blondes night, this in reference to orson johnson's hair. -- boris johnson's hair. we saw a reshuffle that took out a third of the cabinet. francine: anna edwards there in westminster. simon wells system with us. simon: you saw yesterday the pound didn't really move that much. it had come down and the previous days and weeks. from where we are now, we've got to wait and see. parliament is breaking today. they have a little bit of a cessation in news wild boars gets to work. -- w

welcome to "bloomberg daybreak" on this friday, july 5, with anna edwards in london. ignment. coming up at 8:30 eastern, we get the job numbers. everyone is waiting for those numbers. anna: hoping for fireworks if you are an fx trader seeing low volatility. interesting too thick about what might move here. -- interesting to think about what might move here. u.s. 10 year yields at 1.9%. ande get a week number lower expectations for interest rates in the u.s., how low does that number go? david: is good news bad news, bad news good news? does that mean for sure we get a rate cut? anna: if you don't miss by much, does that turn out to be a positive for stocks because markets assume the fed will come to the rescue? let's look at where markets are as we had towards that jobs number. this is a picture of the market check for you. in theg out kind of flat morning session, but losing footing, down 4%. the dollar has been generally pretty strong, up 2/10 of 1%. weakness in the euro out of factory data out of germany. i put iron or in as well. , iron orean session going up to a

i'm anna edwards here in london. markets closed in the u.s., but over here in europe, here's a data check for you. stoxx 600 pretty flat this hour. fourth of july low volumes waiting for payroll data from tomorrow. outperforming. yields areyear certainly worth talking about. yields have dropped below the 0.4 level, below the ecb's deposit rate. we've got gold still acting as a haven above $1400. the dollar index not moving all that much. president trump doesn't like the strength of the dollar. we will talk about that. wti not reacting positively to the production cuts extended by opec. let's take a big picture look at what is going on in these markets now. the u.s. stock market closed for trading for the july 4 holiday. in europe, equities continue little changed while investors search for direction and await u.s. jobs data. we are joined now by paul markham. very good morning -- afternoon, in fact, here in london. valentin, let's come to you first. >> it does feel like risk off is back on. currencies are outperformi

anna: i am anna edwards live in westminster alongside matt miller who is in berlin. matt: the markets say it is tough to be a bank. the latesttander are lenders to admit that low interest rates are knocking revenue. european futures point higher as those banks beat estimates on the bottom line. the cache trade is less than 30 minutes away. ♪ anna: ubs bounces back, posting its highest net income in almost a decade. after with the ceo calls one of air inst starts to the recent history. to look at the first quarter, we have a weaker first two months and into march, things normalized. coming into the first half. the u.k. will learn the identity of its next prime minister at midday. worst johnson is the favorite to take the top job. that deal. president trump announces a i partisan agreement to boost u.s. spending for the next two years. good morning. matt: good morning. less than half an hour away from the european open and a lot going on. let me take a look first at pound futures. we're looking at pound trading 124. it is headed down over the past few sessions. we will

i'm matt miller in berlin, along with anna edwards on the green in westminster. again in westminster. blondy after the night of "thes, as it was dubbed by sun," in reference to the number of theresa may's extended cabinet who are now gone, 18 out of 29 of the extended cabinet no longer in their jobs. it was widely expected boris johnson would really rethink the cabinet and reshape it, and now we know he really wants to appreciate it in favor of the pro-brexit voices, surrounding himself with pro brexit voices and those who were loyal to him during the campaign. we know sajid javid has become the chancellor, former deutsche bank managing director, the first chancellor to have worked in the financial services sector since norman lamont, in the 1990's. the businessm, secretary. liam fox is out. those are the more business facing one's. the big picture, he stuffed the cabinet with brexiteers, and the back benches will be stuffed full of those who could act as the opposition to the government, in the sense they have a very different view on no-deal brexit. you have the

i am anna edwards. asian stocks climbed the european equity futures after comments of jerome powell. cash trade is less than 30 minutes away. how low can you go? fed chairman jerome powell suggest the fed cut is certain this month. traders ask, can he stretched to a half point move. deutsche bank in the crosshairs, u.s. investigators with the malaysia scandal investment fund. the tale of two listings. budweiser asia offering is set to price later today. less than half an hour until the start of european equity trading. ftse futures look like this, positive, as if we will get more out of the minutes or powell comments we heard yesterday. storyle catch-up, the before that session is a positive one. let's see where we are on the asian session. a strong session, fully pricing in everything we heard from paolo overnight. the expectations for july have an cemented. the jobs report on friday did not change the fed thinking on what should be done with insurance cuts against the slowdown globally. higher.arkets

i'm matt miller in berlin, alongside anna edwards at bloomberg european headquarters in london. the trading day, and we seem evenly divided. regardless of which way the overall market is moving, we're pretty divided in the makeup of stocks. 600, most stoxx others to the downside, so fairly evenly balanced as we look at what's going on in european equity markets. burberry, the luxury goods company, up over 7%. they delivered a sales update to the market that seemed to go down nicely. interesting to see airline stocks in europe doing well. we had a bit of a warning from ryanair, suggesting the problems tothe 737 max meant they had rethink their plans for 2020. what's bad for them might be good for others, and the relative makeup of their aviation fleet. easyjet making gains, lufthansa as well. as one ofust over 2%, the courts in the united states cut the amount of punitive damages they had to pay in the most recent appearance, so something to watch. itv up two point 4% after a positive upgrade to the stock. at the downside, we don't have any ex-dividends to talk about today. downor

i am at miller in berlin alongside anna edwards in london.s of the moves on the stoxx 600 are very much to the downside. 470 stocks are weaker. -- 478 stocks are weaker. negative ins look particular with a focus on the nasdaq and netflix numbers, shares down by 13%. in the european session, there are areas of great. they are not all to do with earnings. creedt is up, assassins helping support that business. , that stock up by 3%. highers guiding specifically around its psoriasis heart medication. celia -- telia also up. but as i say, the overall move is to the downside. ,he biggest fallers in trade this equivalent business delivering second-quarter numbers that disappointed the market. sap is down by 6%. we focus on the rate of growth we are seeing in the cloud bookings. that seems to be something analysts have focused on. the markets are pricing that one down by 6.8%. bankata bank -- nordea also down. let's get your bloomberg first word news. >> netflix is reporting a drop in u.s. customers and slow overseas growth. this raises fears the gia

i'm anna edwards. stocks and futures fall. markets are pricing in two cuts this year. the cash trade is less than 30 minutes away. ♪ anna: deutsche bank's equity exits. the german linda revealed plans to shed 18,000 jobs by 2022. cfo says growth will come from a new unit. be theorate banking will greatest growth driver in the franchise as we see it going forward. anna: erdogan derails the rally. the turkish president fires central bank governor, sending the currency 3.5% lower. plus, new democracy prevails. the snap election in greece turn around he will the financial crisis. >> i will deliver on my agenda, an agenda to grow the economy, to create more jobs, but also to make sure the greek people feel safe again. anna: welcome to the market open program this monday morning, less than a half-hour to the start of equity trading. let's look at the features. the good news is bad news mantra is dominating. the end of the rally in everything, ftse futures, tax lookses, and cac futures like it will be weaker in trade. we got the jobs report. stocks stateside and europe falling

i am anna edwards outside downing street alongside matt miller in frankfurt. matt: the markets say let's get back on track, stocks gain in asia after a bloomberg report that the u.s. and china will restart trade talks on monday in shanghai. european majors -- european futures are mixed. away.rading is 30 minutes anna: the dude in number 10, boris johnson becomes prime minister today. he has to build a cabinet and tackle brexit by the halloween deadline. deutsche bank trading slump deepens. the cfo spoke to bloomberg this morning about the impact of low rates. >> we are very aware that outlook deteriorated in june. it does represent a revenue pressure for us and all of the banks if rates go down further. anna: daimler sets its sights on recovery, operating profit will improves significant leak in the second half as rival peugeot downgrades across the world. going to talk more about the banking industry, german asset manager dws had a 4.2 billion euros in inflows in the quarter. spot forbig bright deutsche bank, the parent company. the influx is beating average

i am anna edwards in london. matt miller is on assignment over in boston.h of july, congratulations, if you are celebrating. the equity markets, lower volumes than usually expected, the u.s. is out today, no cash on equities or treasuries. mtso -- metso in finland up by 4%. ellis up by 4.5%. sham lichtked -- o confirmed they had done a deal with some privacy equity businesses and goes higher. we have got some italian ranking stocks up. the ftse mid is up. let's have a look at the downsides, we get some ex-dividends as usual to distract us. drawag is one of those you -- one of those. they had numbers earlier out today. this is interesting because they are reading on primark. in thatanything people space were watching. anybodysomething exposed to the retail sector can look into. first word news with debra mao in hong kong. president trump has resumed his attacks on china and the european union. he claims both are manipulating their currencies to gain an unfair advantage. he tweeted that beijing and brussels are pumping cash into the system, saying the u.s. sh

i'm anna edwards in westminster alongside matt miller in berlin. the everything rally. european futures point to big gains, after the s&p 500 closed at another all-time high. the cash rate is less than 30 minutes away -- trade is less than 30 minutes away. ♪ anna: piling on the pressure. european sovereign bond yields hit record lows ahead of today's ecb

francine: thank you, anna edwards. on "bloomberg surveillance," we speak with a former u.k. transport secretary at 6:00 a.m. in new york, 11:00 a.m. in london. this is bloomberg. ♪ >> this is "bloomberg surveillance." ubs saw a revival of fortunes in the second quarter, posting the highest net income in almost a decade. record profit in the americas help and also a stronger performance at the investment bank. ceo sergio ermotti is watching the federal reserve and what they do with interest rates. >> hopefully in the u.s. they will watch what happened in other parts of the world when rates went to zero or below zero and something difficult to get out for. >> in >> volatility measures have been low and in the summer you have thin trading, you could see a surprise if you have a 50 basis points cut. you think what is the fed seeing? no one is being crushed by interest rates at the level they are. very good. day in westminster. to move forward the composition of central banking, and mathematician of rochester and former pre

i am anna edwards. let's check in on the moving parts of the market. get to annmarie hordern who has that check. >> phillips has been leading the stoxx 600 this morning, up more than 3.5%. there sales growth top their range. the ceo speaking earlier saying they are still seeing these concerns between the u.s. and china and that is going to be one of their biggest concerns weighing into the second half. that is clearly helping them out. upside.ittal to the specifically for this company and the's top court is possibly putting on hold their purchase of steel. india is worth some $6 billion. that down 3.5% alongside itb as well. morgan stanley outlooks cutting these stocks seeing the decline of linear television viewing. anna: and marie joining us with the movers. let's get the bloomberg first word news with viviana hurtado. viviana: serious consequences. that is with the u.k. warns iran will face over the seizure of a british tanker in the strait of hormuz. london is demanding the release of the vessel. it is advising u.k. shipping of the increased risk i

guy: ceo of bp, bob dudley talking earlier on to anna edwards.oming up next, "balance of power" with david westin. he will talk china trade. first i want to get a look at the latest u.s. markets. it is all about fundamentals and earnings season with 12% of market cap within the s&p 500 reporting and nasdaq continues to lead the losses. unchanged. exactly where we've been over the last few hours. only up .4%. , nothing to get too hysterical about. i want to look at live photos of williamsburg, virginia. the jamestown settlement and side of the first permanent english settlement in north america. president trump giving some remarks at the 400th anniversary celebration of the first representative assembly in the western hemisphere. we will have more coming next. this is bloomberg. ♪ david: from bloomberg world headquarters in new york, i'm david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, kenny leonard from washington on shanghai talks trying to get u.s. china trade talks back o

i'm matt miller in berlin alongside anna edwards. nto the trading day, 3 -- 400 stocks to the downside of the stoxx 600. a bias to the downside in terms of the bulk of the stoxx 600. , up 5.3%, the biggest gainer on the stoxx 600. bp, of 3.3%. broadly speaking, talking positively about the demand picture for oil and we will talk more about bp in a moment. well,rials doing quite the likes of abb, rio tinto trading higher. to the downside, it's look at how some of the corporate earnings season has been reflected. centrica down, the u.k. utility changing dividend policy. the renewable energies business down 11% or so. deutsche lufthansa down. theytt down 4% after reported. grenke down this morning. let's get a first word update with annabelle droulers. annabelle: commuters in hong kong this morning faced delays as protesters disrupted services on the subway. it is the second time in less than a week protesters have disrupted the railway and this latest action comes as beijing warns violence will be tolerated following clashes with police

i'm matt miller back here in berlin, alongside anna edwards. in london -- in london. ave you back. 05 stocksof markets, 5- are trading her. they do seem -- trading higher. he was futures point higher -- u.s. futures point higher. worries in the gdp number, not looking great. 70%. wes up just shy of -- 70%. -- 17%. we see the mining sector not doing too badly. 2.7%,ve writeups, up talking about how amazon could come if it doesn't managed to get its hands on it. shorting by blackrock. that is of interest, up 2.7%. and exother side, dividend story down 12%. the chairman of micro focus selling stocks, down 4.5%. anheuser-busch, we talked about this, the way they had to pull this listing of their business in asia as a result of not as much demand as anticipated. growth concerns there. plus get a bloomberg first word news update. debra mao is an hong kong. economy slowed to its weakest pace in three decades. evidencebut there's stimulus to curb the slowdown may be starting to seep through. sales beat estimates. president trump is accused of racism after suggesting for banks

i am matt miller here in berlin on alongside anna edwards in london. nto the trading day. let us look at some of the corporate. eatof the stoxx 600, just is up by 24%. london stock exchanges swooping in on rive another stock. delivery hero up because of just eat the cousin they compete in the same business. reversing earlier losses despite beginning the predator. moving up. likewise on the london stock exchange. up by 2.9% after the numbers coming through from that particular low-cost airline. looking at the downside. the big mover is coming from heineken. we mentioned this in our headlines. down by 5%. refour down.car the weather has turned a little since then. that is the story around beer making. irish banking sector. let us get a bloomberg first word news update. the u.k. has deployed a destroyer to protect shipping in the strait of hormuz. iransthe move comes as and european powers met to discuss the nuclear deal which the u.s. abandon last year. ofnce -- in defiance president trump suggestion he may pose retaliatory tariffs on french wine. deutsch

nejra: that was bob dudley with anna edwards.shell, exxon, and chevron. blocked thebp has big oils trend set by total? annmarie: therefore percent compared to a year earlier and 4%t is how they -- they are compared to a year earlier that is how they be. it is due to low energy prices, particularly natural gas. they are trading around three year lows and that is really what is suffering. acquisitiont there of bhp. those assets boosted reduction. there cash flow was up 17% from a year ago, $18.2 billion. it was a pretty strong quarter. we will see how the next leg of big oil majors do. we have shell, exxon, and chevron coming up. highlighted for bp? annmarie: he is definitely talking about the persian gulf and erode. -- iran. month, the british defense ministry said the iranian navy had to -- tried to intervene. they do not want to send british ships there. they went to go unload cargo in the gulf and ended up leaving empty-handed. -- iranian vessel near gibraltar, many say that oil is going to siri, so that -- syria, so that could

i am matt miller in berlin alongside anna edwards in london.ocks going that gives you a sense of bill rally we have got -- of the rally we have got. from richard pushing markets higher in asia and in the session as well. as a result, we have some sectors gaining. most volatile or those set to benefit from a weaker rates. urecia is up. selling a unit in australia to asahi, they also say there is room for an ipo of the asian business. we have an interesting story moving things around, particularly in the appetizing sector. this group is down nearly 8% on the back of the warning. concerns about appetizing in the united states. we also see this finish paper business down. upm down, perhaps in sympathy. let's get a first word news update in hong kong. >> senior federal reserve officials are stressing the need to act sooner rather than later. vice chairman richard clarida and john williams says policymakers need to act quickly. bets thateinforced the central bank will cut rates, potentially by as much as 50 basis points. the u.s. and china has spoken

i am anna edwards in london.n assignment this week in boston, hence why he is not here this morning. he will join us a little later on. minutes into the trading day, so let's look at what we got and european equity markets. we are pretty evenly spread between the stocks going up and down on the stoxx 600. 316 stocks going up at this point. the gains we are seeing in the european equity sessions are pretty modest. we are seeing moves evenly spread between gainers and losers. not a great deal of direction. entertainment,-- up. we have other volatile names moving higher this morning. on the downside, a few ex-dividends moving things around on the downside of these markets. we focused on airbus and the way that business is in the crosshairs of the great conversation across the atlantic. that is a stock we are watching. let's get a first word news update. nabelle: hong kong's and battled is condemning demonstrations with saw the legislative council stormed by protesters. police fired tear gas and pepper spray at -- as

i'm anna edwards in london, 30 minutes into the trading day. norwegian start to the upside, help 5.7%. -- up 5.7%. up 3% on the back of the numbers. easyjet got an upgrade. we've got a whole -- host of reasons why was he stocks on the up move -- upgrade. they put out a profit warning earlier today. anheuser, we've been to the news the asia ipo looks as if it's delayed, certainly not able to price at this time. european equity markets rage band, negative on the auto sector. let's get to the aib annual meeting in luxembourg. uber markets anchor haslinda amin joins us for an exclusive interview. haslinda? haslinda: of course, this meeting is on the back of uncertainties in the market. let's get the views of sir douglas flynn. good to have you with us. the biggest risk to the economy right now? douglas: the biggest risk is something uncertain happening right now. ande could be fiscal policy and a salad outcome from some of the uncertainties around trade talks and brexit. there's an expectation things will work out. haslinda: there's such a great re

i am anna edwards. 362 stocks on the stoxx 600 are moving downward.owndraft for european equity markets. bad news around chemicals. ocado put out a trading statement and changed the guidance. that is one of the bigger movers to the upside. on the downside on european equities, the chemical story around bsaf is very much there. f down by about 5%. other companies that supply the auto sector are weaker on that bsaf morning. dt down. bank polska down by almost 6%. >> hong kong leader carrie lam says her controversial bill that would allow extradition to china is dead, but she stopped short saying she would withdraw the bill entirely. organizers say they will keep having major rallies. >> lingering doubts about the government authority, and worries that government will stop the protests and the legislative council. there is no such plan. the bill is dead. minister has prime chosen his finance minister to renegotiate fiscal targets. tensions between japan and south korea are threatening to hit chipmakers like samsung after japan slapped restrictions on exp

i am anna edwards alongside matt miller. >> the markets say there is gold in holding silver.starting to break down as silver gets buoyed. european futures point to a negative the cash trade less than 30 minutes away. >>

i'm anna edwards in london.ish krona and a decision from the central bank in sweden, leaving the key rate unchanged at minus 0.25. they also say the forecast for a repo rate is also unchanged. really, the focus is on the forecast and their plans for the rest of the year. some analysts were suggesting maybe they have missed the chance to further normalize policy and hike rates. they cannot continue with what they had planned previously. we will delve into the details to see if we get any guidance, but we can see a movement in the currency on the back. but no changes in the headline. this is the picture on the stoxx up, you see 429 stocks going on a day when we see a modest rally. but if we break this down, the biggest gaining sector is utilities, which perhaps tells you what investors are buying into. maybe buying into a search for yield and weighing up the weaker yield a situation in bond markets, hence we see money coming into some of the higher yielding stocks. ve nokia is just under -- onovia up, fluff or ent

i'm anna edwards in london. let's reflect on what we've seen from hong kong for a moment.s from the ground shortly. here, we have protesters gathering. thousands of protesters on the streets. we've seen some making attempts, using an iron cart, trying to get into the legislative council, some of them successful in breaking a hole in the glass. it's a public holiday, no trading in hong kong, a day that marks the handover from the british colony to the chinese. 30 minutes into the trading day, we'll be back to get an update. the big picture is risk on, 546 stocks on the stoxx 600 go upwards in response from the g20. the truce on the trade talks, the agreement to restart the talks, and the surprise around way way, he was ticked -- huawei , that we have yet to see the details. companies fearful of the long arm of u.s. foreign policy. some of the tech stocks are moving higher. ims international moving to the upside. that is the story. simeon moves higher. on the downside, and ex dividend. atlantia, we heard about that story, down 2.7% a little while ago. weaker. lufthansa we ha

we are live from london, i am anna edwards, with matt miller in berlin? matt: hello. asian stocks dropped and the u.s. equity futures are mixed as trade talks are dropped. the cash trade is less than 20 minutes away. ♪ anna: a war of words. president trump accuses china of ripping off the u.s. as trade talks restarted and then ended in china. stocks declined. can the fed decision tonight we light the fire? claimsparibas second-quarter income gains, while credit suisse outperforms. tidjane: every quarter has been really mixed. first quarter was. good, second quarter started negatively, then we had strong growth. june was the best month in 42 months, so it was very contrasting. anna: and apple gains in late it.ing after advancing can push u.s. stocks to another record? matt, good morning? matt: good morning. we are less than a half hour away from the start of european trading. look at the offshore yuan, this is a three-day chart, we had a jump three sessions ago but had started losing some ground. this basically means that the yuan was getting stronger as it comes down b

i'm anna edwards alongside matt miller in berlin. matt: where did the doves go? stocks slide in asia and european futures are flat after they didn't deliver the cut. some expect attention turned to the u.s. gdp number, cash less than 30 minutes away. ♪ anna: partners in pain. renault lowers the outlook as the french carmaker grapples with the auto market slowdown. this follows as nissan reported a 99% plunge in profit. plans to carve out phone towers into a separate unit and will consider an ipo to cut that. plus, delay delivery. amazon forecasts income below expectations. alphabet and intel jump in late trading after beating expectations. good morning. matt: good morning to you, less than a half-hour hour to the start of trading. take a look at the bunds. this is something i was talking about. you saw a reversal in the bond yields. as we were heading into the ecb meeting, yields were coming down. investors were looking for the possibility of a cut. then we interviewed the german finance minister where i circled in red. and you saw but yields go up again. that's

i am anna edwards outside downing street alongside matt miller in frankfurt.kets say let's get back on track, stocks gain in asia after a bloomberg report that the u.s. and china will restart trade talks on monday in shanghai. european majors -- european futures are mixed. away.rading is 30 minutes anna: the

i am anna edwards in london. today, where are the fireworks? gear to a modest open after the highs. is less than 30 minutes away. president trump hits out at beijing and europe for playing a "big currency manipulation game." will the u.s.

i am anna edwards in the city of london carried treasury yields rise as investors settle on a fed cutey aren't sure what to expect afterwards. will we get clues from jerome powell later today? european equities expected slightly lower. is 30an cash trade minutes away. anticipating powell. stocks in a holding

i'm anna edwards in our european headquarters in the city of london. tech shares surge on china's new star board, but it is not enough to shake off negativity on the main stock indexes. european futures, points lower. oil gains as the u.k. looks to de-escalate tensions with iran after the islamic republic seizes a tanker in the strait of hormuz. healthy growth -- phillips beats sales estimates for the second quarter as the ceo gives bloomberg his take on the trade war. >> these trade wars that are , as ave in the world strong believer in what globalization has brought to the world, i hope that we can see coming closer to each other. that will be good for the world economy. >> we had some outflows. if i had that back, we are actually within the target range . if i look at margins and revenues compared to the second half last year, they have substantially recovered. >> a very more welcome to the european market open, everybody. european markets opening -- what? 28 minutes' time? there or thereabouts. futures suggesting we will be a little bit weaker at t

i'm anna edwards in our european headquarters in the city of london.urge on china's new star board, but it is not enough to shake off negativity on the main stock indexes. european futures, points lower. oil gains as the u.k. looks to

i am anna edwards in the city of london. the market to say hold fire.lowean futures a signal a start to the trading day as the u.s. reopens after independence day celebrations. the cash trade is less than 30 minutes away. ♪ anna: sweeping cuts. job losses at deutsche bank may go deeper than just equities and rates staff. the restructuring plan will be finalized this weekend. on hold for payrolls. analysts expect the u.s. economy to add 160,000 jobs this month after a dire report last month. will could a miss mean for the fed -- what could it mean miss for the fed? iron ore prices slump the most since 2016. keep an eye on miners at the open. less than half an hour to go until the start of the european equity trading day. we were without the u.s.. the u.s. was celebrating independence day yesterday. we are without that legacy to build on. we are waiting for the payrolls numbers, as we have been saying in our headlines. we are in a holding pattern. ftse futures suggesting in the event of downside, but review the european -- suggesting a little bit of downs

i am anna edwards in the city of london carried treasury yields rise as investors settle on a fed cut for july but they aren't sure what to expect afterwards. will we get clues from jerome powell later today? european equities expected slightly lower. is 30an cash trade minutes away. anticipating powell. stocks in a holding pattern ahead of testimony. will he provide a clue as to the central bank's path after july? forecasts net inflows in the first half despite an overall loss of 14 million francs. scherzer called hire at the start of european trading. u.k. mp's backup plan to prevent a no deal brexit but gordon johnson refuses to rule out suspending parliament in a debate with jeremy hunt. welcome to the european market open. session inkluster the asian markets, range bound on many markets waiting for jerome powell. it looks like we will be range bound at the start of the trading day in europe. here came futures pointing flat with a slight downward bias. a few interesting corporate stories and global stories that might be expressed through european equities. this is the gmm function

i am anna edwards.cks climbed the european equity futures after comments of jerome powell. cash trade is less than 30 minutes away. how low can you go? fed chairman jerome powell suggest the fed cut is certain this month. traders ask, can he stretched to a half point

i am matt miller in berlin alongside anna edwards in london.utes into the trading day and well into earnings season. that is having an impact into what we are seeing. we are fairly evenly balanced in terms of stocks. we are range bound at an overall index level. that is reflected on either side. let's look at what is going on with individual stocks. the biotech sector up by 10.6%. decent numbers out of that business. swatch is also beating estimates, up by 4.8%. asml, the slightly brighter long-term outlook helping to lift that stock up. let's look to the other side and you can see what is on the losers roster. domestic group, a supplier to the transportation industry, down by 9%. 5.5%, anotherby business we have been speaking to that is cutting their dividend plunge -- pledge. this telefonica group down. let's get a bloomberg first word news update. president trump has said he might impose more tariffs on china. that is after promising to hold off on more duties. the deal wasrt of for china to buy large amounts of u.s. farm goods, but beijing

i'm anna edwards. stocks and futures fall. markets are pricing in two cuts this year. de is less than 30 minutes away. ♪ anna: deutsche bank's equity exits. the german linda

we are live from london, i am anna edwards, with matt miller in berlin? matt: hello. ped and the u.s. equity futures are mixed as trade talks are dropped. the cash trade is less than 20 minutes away. ♪ anna: a war of

i am anna edwards in the city of london. the market to say hold fire.l a start to the trading day as the u.s. reopens after independence day celebrations. the cash trade is less than 30 minutes away. ♪ anna: sweeping cuts. job losses at deutsche bank may go deeper than just equities and rates staff. the restructuring plan will be finalized this weekend.

i'm anna edwards alongside matt miller in berlin. >> today the markets say give us a reason to keep goingfter u.s. indices hit fresh record highs on monday. will the rally continue if bank earnings disappoint the cash trade is less than 30 minutes away. ♪ >>

i'm anna edwards alongside matt miller in berlin. matt: where did the doves go?in asia and european futures are flat after they didn't deliver the cut. some expect attention turned to the u.s. gdp number, cash less than 30 minutes away. ♪ anna: partners

i'm anna edwards here in london.

welcome to "bloomberg daybreak" on july 5, joined by anna edwards.tions even in europe. absolutely. i've been speaking to a host of guests about the relevance of the, what it tells us about fed does. this is a backwards looking set of data. a lot of people talk about this

. ♪ anna: good morning and welcome. i am and edwards london.rkets say what happens to the risk rally? futures point to a modest open after yesterday's positivity starts to fizzle out. the cache trade is less than 30 minutes away. ♪ hit $4ashington could billion of goods with tariffs. opec steps up.

anna palm he, he "politico's" senior washington correspondent. together they are the playbook team. also with me, former democratic congretswoman donna edwards who is now a contributing columnist for the "washington post." former republican congressman carlos and name political analyst and tim alberta, he is also of course the author of the new book "america carnage" on the front lines of the american civil war and the rise of president trump. jake, let me start with you. this nonreaction from speaker nancy pelosi. how long do we suspect it's going to last? >> well, i mean, listen. it was a pretty tailored hee recent talking about the minimum wage. but we just caught up with congresswoman omar on her way to the house floor about ten, 15 minutes ago where she basically said she's going to continue to lift people up, those are her words, not mine, she's going to talk about things that matter to her. she decried racism, said it's bad, it hurts people, it tears people apart and she's going to try to do the opposite. lift people up. vote for what she believes is good policy, $15 minimum wage which is getting a vote on the house floor right now. i